CAAC: The sales volume of new energy vehicles in January was 408000, accounting for 24.7% of the market
Beijing News Shell Finance News (reporter Wang Linlin) On February 10, the data released by the China Automobile Industry

Association showed that in January, the production and sales of new energy vehicles were 425000 and 408000, respectively, down 46.6% and 49.9% month-on-month, 6.9% and 6.3% year-on-year, and the market share reached 24.7%.
Among them, the sales of pure electric vehicles in January was 287000, down 18.2% year on year. The sales of plug-in hybrid vehicles in January was 121000, up 42.5% year on year.
With regard to the slowdown of the new energy vehicle market, it may be due to the withdrawal of the traditional fuel vehicle purchase tax preference and the new energy vehicle subsidy policy, resulting in a double-digit decline in the production and sales of vehicles both on a month-on-month basis and on a year-on-year basis.

In this regard, the China Automobile Association believes that looking forward to the first quarter, the task of stabilizing the growth of China's automobile industry is still very difficult, and the recovery of automobile consumption is still lagging behind due to insufficient domestic effective demand, which requires continued policy boost. Recently, the competent government departments have said that they will continue to stabilize and expand automobile consumption. At the same time, policies to promote automobile consumption and encourage the development of new energy vehicles have been introduced in many places. In addition, large-scale infrastructure projects have been started in various places after the holiday, which will inject confidence into the stable development of the automobile market.
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